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  1. National

UK credit rating under threat

The ratings agency Standard & Poor's has placed the UK on a negative outlook, increasing the chances of a downgrade from its top AAA credit rating.

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  1. Laura Kuenssberg

UK's credit outlook 'negative'

The Standard & Poor's credit rating agency has a happy, cheery message for the UK - the nation has been put onto a negative outlook.

It is not a downgrade, but it means there is an increased chance of one.

That means all three main ratings agencies have us on negative outlook. In human speak, that means there's a one in three chance of an S&P downgrade.

It is worth mentioning that credit agencies' records at prediction are not exactly fantastic, but they still have influence.

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